The MyRepublic rocket from the internet service provider is being ferried around Singapore to promote the company and the offering of its nationwide 1Gbps broadband services from as low as $49.99 a month

In terms of typical download speeds, M1 states that its plan generally delivers between 657.3 to 804.6Mbps 80 per cent of the time based on its testing time frame from April to June 2014. On the other hand, MyRepublic offers up to 1Gbps download speeds and up to 500Mbps upload speeds with no throttling.

The competition in the fiber broadband market is increasing as telcos compete with one another to offer the best deals for consumers.

In May, StarHub offered a dual-network home broadband package for just $69.90/month, which includes a 500Mbps fiber broadband connection and a 100Mbps cable broadband connection.

SingTel recently introduced its Unlimited Fiber plan that promises no traffic throttling and speeds of up to 800Mbps for local connections 95 per cent of the time.

If you are planning to sign up for a fiber broadband package from any of the service providers, do check out our fiber broadband guide where we highlight the important points to take note of before you ink a two-year contract.